- Simplification and Investment Goals: The European Commission has introduced proposals aimed at simplifying EU regulations, targeting a 25% reduction in administrative burdens for all businesses and 35% for SMEs, which is expected to save around €6.3 billion annually and mobilize an additional €50 billion in investments.
- Focus on Large Companies and Sustainable Practices: New rules will streamline sustainability reporting and due diligence, primarily affecting larger companies while alleviating the burden on SMEs. This includes removing 80% of companies from mandatory sustainability reporting and postponing compliance deadlines to 2028 for larger firms.
- Carbon Border Adjustment Mechanism (CBAM) Changes: The proposals will exempt small importers from CBAM obligations, simplifying requirements for remaining companies and aiming to enhance trade fairness, while preparing for future expansions of CBAM into other sectors.
Source ec.europa.eu
